There’s a big debate out there between time shares and vacation clubs. Both have strong proponents and some venom for the other side Activity. Know that part of the tussle is due to money and marketing. Vacation clubs have to rail against timeshares because they are the market leader in resort “properties”. They need a starting point. Timeshares see vacation clubs like an annoying kid brother that tries to imitate everything they do, but can’t.
But what are some of the advantages of a vacation clubs?
- No long-term contract: vacation club owners have to pay an annual membership fee, instead of an annual maintenance fee. The fees are usually similar in cost. The difference is that if a club owner decides that he wants out, he simply doesn’t pay the membership fee the next year. Timeshare owners must get rid of their timeshare deed in order to stop paying on maintenance fees.
- Choices: Decent vacation clubs have an assortment of locales and resorts to choose from. The pricing is competitive to timeshare ownership in many cases. You may not get exactly the same resort if you like one, but they say that variety is the spice of life.
A timeshare can be termed as possession or the privilege to utilize assets, or used to describe such properties. There are typically resort units, in which the ownership is shared by multiple parties. The units are only shared on the basis of part-time ownership or a kind of lease which offers privileged use the property; it does not provide any ownership of the property. The price of the property is shared amongst the owners. This is basically of two types, deeded and non-deeded. In a deeded plan the owner acquires the timeshare unit and the unit for 30-40 years. It can again be categorize into fixed use and floating use. A fixed use allows only a precise time and precise amount of years where as a floating use timeshare allows you to choose vacation any time of the year but here the preference goes to the first come first. The next types of plan called non-deeded plan is likewise called right to exploit plan similar to lease, the facilities provided will be alike, the difference will that this is only for a specific period and you lose all the privileges after the lease expires.
In one sense timeshare are economical as it allows you to use the property for a couple of weeks out of the year. A time share proves to be guaranteed vacation. Timeshares are a vacation destination that is guaranteed to be there one week a year. This will help you to plan your vacation. With a vacation club, you may have no base interval location or time, irrespective of how long your vacation; it depends on how much occupancy you buy. Stay options are not restricted. In vacation clubs accommodations are generally larger than individual hotel/resort accommodations, with kitchen facilities; many are in excellent locations. This is profitable because the annual occupancy costs can be less than that comparable to hotel/resort accommodations. Timeshares can be bad investments. If you invest in a timeshare that is knocked by a gale then of course it will deflate in value. You might be locked into a limiting time share contract.
Timeshares are method of owning a property in a shared manner.
Vacation clubs also provide a method of owning a property in flexible manner. There is no specific time duration or restriction on occupancy.
Timeshares provide a restricted vacation schedule.
Vacation Clubs ensure complete satisfaction and maintenance.
Clubs are more suitable for a huge family.